Billy Corgan To Buy Massive Wrestling Company?

The Smashing Pumpkins frontman and wrestling enthusiast Billy Corgan is rumoured to be in talks to buy part of massive American wrestling company, Total Nonstop Action Wrestling [TNA].

Last year Corgan emerged as the Creative Director of small-time wrestling company Resistance Pro, which provided an opportunity for some fantastic promotional shots. Now he is in developing talks to step up his relationship with the wrestling word according to a report in Alternative Nation.

According to the site's second-hand source, Corgan's purchase of a chunk of TNA – second only in size to fellow wrestling giant WWE – is a “done deal”, but there are no details on the price, percentage of the company on the table or who's fronting the money.

TNA was formed in 2002 to compete with WWE and produces shows for American cable TV as well a pay-per-view and live events. They claim to have five million viewers across 100 countries in 14 languages, and are believed to be looking for an investor due to stabilise their financial situation.

kA spokesperson for Corgan has responded to the reports to Newsday, saying, “There is no reason to comment on rumours.”

As Spin points out, an acquaintance of Corgan and wrestling veteran Lou D'Angeli has fuelled the fires of speculation with the following tweet:

Is @billy set on buying @IMPACTWRESTLING??? I know he is pretty serious in at least partial, if not, majority ownership. #TNA

— Lou DAngeli ♫ (@LDAngeli) November 3, 2013